Finnish competition authority against Uponor KWH Group joint venture

Uponor Corporation (OMXH: UNR1V) said moments ago that The Finnish Competition and Consumer Authority is proposing fr the Market Court not to approve a joint venture plan of Uponor and KWH Group. The companies have been planning to merge their infrastructure solutions businesses. Competition authority feels that the transaction could lead to significant competition impediments in infrastructure products. Uponor and KWH are contemplating their next move.